Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$118,080$118,080$355,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$237,420$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%6.488%7.560%
1st payment$690.41$690.41$2,442.04
2nd payment$0.00$1,533.34$0.00
Taxes / mo$289.17$289.17$289.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.00$102.00$71.10
HOA / mo$273.00$273.00$273.00
Total monthly$1,504.58$3,037.92$3,225.31
Cash to close$276,920$39,500$39,500